ECO 204 Week 5 Discussion 2 | Assignment Help | Ashford University

ECO 204 Week 5 Discussion  2 | Assignment Help | Ashford University


Week 5 - Discussion 2

Public Choice and Rent Seeking

Prior to beginning work on this discussion, read Tim Worstall’s article, One Benefit of Nancy MacLean’s Democracy in Chains - Public Choice and Rent Seeking Popularised 

Based on the article’s information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:

·         What is the public choice idea or theory?

·         Explain what rent seeking is.

·         How can you combine the ideas of public choice and rent seeking?

·         Choose one real-world example of combining public choice and rent seeking to evaluate.

Your initial post should be a minimum of 300 words.

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